Domestic food price inflation remains high around the globe, with people in Venezuela, Lebanon, Zimbabwe, Argentina and Suriname particularly hard-hit, according to the World Bank.
(Bloomberg) — Domestic food price inflation remains high around the globe, with people in Venezuela, Lebanon, Zimbabwe, Argentina and Suriname particularly hard-hit, according to the World Bank.Â
The most recently available monthly data show rates of increase above 5% in:
- 61.1% of low-income economies
- 79.1% of lower-middle-income economies
- 70.0% of upper-middle-income economies
- 78.9% of high-income economies
In real terms, food price inflation exceeded overall inflation in 79.8% from 163 countries where data are available, the World Bank said in its latest food security update.
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